mHITs Limited is an Australian based developer and operator of mobile payment services.
In Australia, mHITs operates the mHITs SMS payment service that allows consumers to send and receive payments
by SMS text message.
For retail transactions, mHITs allows consumers to pay for coffee or other food and beverage items using their
mobile phone simply by sending an SMS. Consumers can also use the mHITs service to pre-order their items before
arrival at a venue, meaning less queuing and waiting and faster service.
A variant of this solution, Easy Canteen, uses the same technology to provide parents and students the ability to
order and pay for school canteen lunch orders by SMS
Consumers can also send and receive money instantly via SMS text message between mHITs members. This
makes mHITs ideal for applications such as splitting bills, IOUs and taking collections for payments. The service
works on all mobile phones, all Australian mobile networks and on both pre-paid and account plans.
As well as the purchase of food and beverages at retail Point Of Sale, mHITs is also an ideal payment method for
purchase of mobile content, MP3 and other electronic downloads, or for making purchases for goods and services
from Internet websites. Other applications include cashless vending, parking, taxi fare payment, charity donations
and cash back offers.
mHITs recently launched it’s “pay for coffee by SMS” service in Sydney, Canberra and Adelaide and has plans for
rollouts in other cities.
Details of venues currently using the service in Australia are available via the mHITs website at http://www.mhits.com.au.

mHITs announces new mobile remittance corridor from Australia to Nepal

MEDIA RELEASE:

mHITs (pronnounced Em-HITS) a pioneering developer and operator of mobile payment services, today announced that it’s Australian SMS mobile wallet service has launched an international mobile remittance corridor to Nepal via its affiliate eSewa.

The mHITs Remit micro-remittance service allows Australian mHITs account holders to safely and conveniently send money to counterpart mobile wallet operators in other countries. Unlike traditional international remittance methods, the mHITs Remit service provides instantaneous transfer of funds directly to a recipients mobile wallet account, simply by sending an SMS. It does not require a transfer agent or bank.

Senders can conveniently perform a transaction from their mobile phone at any time and require only the mobile number of the recipient in order to send money. Recipients do not need a bank account, do not need to wait for the funds to arrive or do not need to travel to or locate a transfer agent to access their funds. The Recipient can access the funds instantly and securely from their mobile wallet directly or depending upon the region may withdraw funds in cash.

mHITs is one of the first mobile wallet operators in the western world to provide this service. For the first time, people living in Australia will be able to send money instantly and conveniently by mobile phone to their relatives and friends living in Nepal by having funds credited immediately to their eSewa mobile wallet account. In some developing markets, families and communities rely on money sent by relatives abroad to pay for essentials such as food, clothing and medicines.

mobile international remittance

Mobile technology lowers the cost of remittances as it removes the need for physical points of presence and ensures a timely and secure method of transaction. The World Bank estimates that reducing remittance commission charges by 2-5% could increase the flow of formal remittances by 50-70%. Reducing the cost of sending each individual remittance encourages the delivery of lower value remittances, at values far less than today’s average transfer of US$200.

Mobile communications can also drive significant growth of the formal remittance market and has the potential to vastly improve and transform access to remittance funds for people in developing countries. The GSMA forecasts that the formal global remittance market could grow from around US$300 billion today to over US$1 trillion in five years with the help of mobile communications.

about mHITs

mHITs (pronounced Em-HITS) is an Australian based developer and operator of mobile payment services. In Australia, mHITs operates the mHITs SMS payment service that allows consumers to send and receive payments by SMS text message.

For retail transactions, mHITs allows consumers to pay for coffee or other food and beverage items using their mobile phone simply by sending an SMS. Consumers can also use the mHITs service to pre-order their items before arrival at a venue, meaning less queuing and waiting and faster service.

mHITs is also an ideal payment method for purchase of mobile content, MP3 and other electronic and digital downloads, or for making purchases for goods and services from Internet websites. Other applications include cashless vending, web based micro-billing, parking, taxi fare payment, charity donations and cash back offers.

For more details of the mHITs Australian SMS payment service visit www.mhits.com.au.